FW: Affin Hwang Capital Daily Insight (LV) - 12 September 2017 - PLANTATION / IPI

 

Investment Research                   Affin Hwang Capital Daily Insight | Tuesday, 12 September 2017        KLCI Index (12-month)  Research Team     research@affinhwang.com    Alan Tan  Chief Economist | RESEARCH     +603 2146 7540     alan.tan@affinhwang.com Top Calls   Sector Update � Plantation (NEUTRAL, maintain) - Inventory rises as production exceeds exports CPO production in August decreased slightly mom on the back of lower production from the Peninsular and Sabah regions. Meanwhile, exports of palm oil increased for the second consecutive month by 6.4% mom as key buyers like Iran, India, Philippines and China bought more palm oil products. Inventory of palm oil in Augustincreased to 1.94m MT, the highest level since March 2016. Overall, we maintain our NEUTRAL plantation sector rating with GENP as our top pick.   Other Calls   Economic Update � Malaysia-IPI - IPI surged by 6.1% yoy in July, led by manufacturing Morning News & Market Summary For important disclosures, please refer to the Disclosure section at the end of the individual linked research reports. Affin Hwang Investment Bank Berhad | 22nd Floor Menara Boustead | 69 Jalan Raja Chulan | 50200 Kuala Lumpur | Malaysia The downloaded documents are in PDF format and are best viewed in Adobe Reader.